Out of seven billion world population, Six billion people have cell phones and it is projected that by the end of 2016 there will be 18.9 billion network connections; almost 2.5 connections per person on earth. This was revealed by Chief Information Security Officer, Central Depository Company of Pakistan Limited Syed Hassan Aslam while giving his presentation on “Current Trends in Information Technology” at a seminar organized by Computer Science Society of Mohammad Ali Jinnah University, Karachi.
Highlighting upon rapid development of Information Technology tools in present global age, S.H. Aslam said that 30 billion pieces of contents are shared on Facebook every month while 400 million Tweets are sent per day by about 200 million monthly active users. On the other hand 4 billion + hours of videos are watched on YouTube each month. He informed that 43 trillion gigabytes of data will be created by 2020, an increase of 300 times from 2005.
At present 2.3 trillion gigabytes of data are created each day. He further informed that modern cars have close to 100 sensors that monitor items such as fuel level and tire pressure. He said that one in three business leaders don’t trust the information they are use to make decisions while 27 per cent of respondents in one survey were unsure of how much of their data was inaccurate.
Describing IT trends in USA, S.H. Aslam informed that New York Stock Exchange captures one terabytes (1000 gigabytes) of trade information during each trading session. He said that most companies in U.S. have at least 100 terabytes (100.000 gigabytes) of data stored while poor data quality costs the American companies are around $ 3.1 trillion a year.
Chief Technology Officer, Ltim Systems (Pvt.) Ltd. Muhammad Rashid Saleem and Business Unit Head, City Herbal Care Laboratories (Pvt.) Ltd. Abdul Qadeer Qureshi also addressed to the seminar. Later on Dean, Faculty of Computer Science Dr. Haji Khan Soomro and faculty member Prof. Manoj Kumar Presented shields to guest speakers.